With budget deficits exceeding 5% of GDP, the trade deficit making new highs, and political populism creating risks to the modern American social contract, the US socioeconomic climate is fraught with risk.
Concur. If you haven’t already, I’d recommend Michael Pettis’s book “Trade Wars are Class Wars”
Concur. If you haven’t already, I’d recommend Michael Pettis’s book “Trade Wars are Class Wars”